The price moves up and down and if you are a short-term investor you make a big mistake. You will not get a stable monthly income in this way. "Those who do not lose will not learn to trade."
I suggest you learn to invest in the long term and do not expect to achieve a steady monthly income, even if it is $ 100. The market is very volatile. "Either a great profit or a huge loss or a scared person will lose in the end."
Topic: what kind of trading will suit for me? - page 11. (Read 15665 times)
I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
If you have plenty of time to trade, go for day trading. You need more time not for trading long but to acquire a precise analyzation instead. Also, don't start up with huge capital if you haven't do trading with crypto already even if you have experience in fiat trading such as stock trading and foreign exchange. There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
Can't believe only a handful of the responses are calling 10% a month unrealistic. Anyone who's really done proper trading understands that double digit monthly profits are extremely good, extremely lucky, and tend to happen only during intense bull runs, where every and any buy is likely to be profitable in a month.
If the very best portfolios lost money in 2018, don't expect to outperform teams of experts and analysts and bots consistently.
Forget the advice otherwise, OP. Perhaps apply your time to learning first. Adjust your expectations. Keep that $1k in BTC meanwhile. You're more likely to make profit that way, while putting in the time to learn and educate yourself.
If the very best portfolios lost money in 2018, don't expect to outperform teams of experts and analysts and bots consistently.
Forget the advice otherwise, OP. Perhaps apply your time to learning first. Adjust your expectations. Keep that $1k in BTC meanwhile. You're more likely to make profit that way, while putting in the time to learn and educate yourself.
I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
you can start short term trading of anything that fluctuates. choose major coins, check daily news and use simplest technical analysis: trend, support&resistance
Yea. I agree with you. None is getting that profit constantly. If someone is claiming he's doing that he is lying or he is trading since 1 month and he was lucky enough to earn that much in single month.
From 1 btc in 5 years you will get 56 000 btc and 3 000 000 btc after 10 years. Why only 3 mil? After few years of experience you should increase profit if 20% is possible for newbie.
50% per year is quite good and is achievable constantly in crypto and 20% in stocks.
Yes, it would be an amazing profit in 5 years, not to mention 10. If it only were possible.From 1 btc in 5 years you will get 56 000 btc and 3 000 000 btc after 10 years. Why only 3 mil? After few years of experience you should increase profit if 20% is possible for newbie.
50% per year is quite good and is achievable constantly in crypto and 20% in stocks.
Newbies are usually attracted by these promises and want to get rich quickly, only to lose their entire capital after a while. Otherwise market makers and exchanges that trade against their customers wouldn't be so rich.
I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
The basics question for you will be, do you have the skills to do trading?
If the answer is Yes, then:
You can do both day trading and short term trading, and you can choose what is fits for yourself.
The decision to choose crypto to crypto or crypto to fiat is depended on you, but I suggest to do crypto to fiat because you can increase your fiat and in the same time you can also increase your crypto amount.
If the answer is No, then:
You need to learn first before you start trading. Try to do weekly or short term trading to see how big your chance in making a profit. And if you are familiar or at least, you can make a profit in every time you trade, then you can try with day trading.
With that amount of money, you can do day trading and short term trading, but it's back to how good you know trading itself because no matter how big money you use if you don't have skills in trading, you cannot make a profit in monthly. That is good if you decide to make 10-20% profit and I think you can do it with day trading and short term trading.
Trading is still the same as what you saw right now and the past also nothing happening until now the price of all altcoins get back to normal and start to pump up again next time.
I think you can trade in the short term to get profits in a short time, because the market price has also started to green again.
Reading that you want 10-20% profit you should better do short term trading. It is more difficult in my opinion because you will need to spend more hours in front of your screen and read graphs than in a long term strategy.
Also, crypto to fiat of using a stablecoin will help you reach your profit goals easier.
Also, crypto to fiat of using a stablecoin will help you reach your profit goals easier.
First of all, before you invest or try to trade your money on any exchanges make sure you know what you are doing. And make sure you do have the right knowledge of trading because trading is not that easy especially if you are just a newbie on that field. You might end up losing or burning most of your money.
I am looking for monthly basis profits with 10-20% profits for a cycle.
There is no guarantee that you can earn this much in a certain period of time. Trading cryptos is very unpredictable and it could give so much stress seeing your portfolio going down. IMO there are no expert traders here, just lucky to be on the right place on the right time. Make that $1k of yours as a tool for you to gain experience and felt what it's like doing the trade. Experience is always the best teacher. There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.
I always see numbers like these and it makes me wonder:Did anyone really manage to have a consistent 10-20% monthly profit (month after month)?
And I have serious doubts it is possible. To quickly elaborate:
10% monthly profit cumulatively means about 200% profit a year. You start with 1 BTC and at the end of the year you have 2 BTC
20% monthly profit cumulatively means about 800% profit a year. You start with 1 BTC and at the end of the year you have 8 BTC
These are huge returns that I think even the best traders in the world couldn't make.
Sure people claim they can do it, but somehow I doubt. I think you can make it once, two times, you can even be lucky to make it five or six times, but to have such huge returns on a consistent basis is impossible.
More realistically, you can have a consistent profit of 10-30% a year, but not that amount month after month long term.
Yea. I agree with you. None is getting that profit constantly. If someone is claiming he's doing that he is lying or he is trading since 1 month and he was lucky enough to earn that much in single month.
From 1 btc in 5 years you will get 56 000 btc and 3 000 000 btc after 10 years. Why only 3 mil? After few years of experience you should increase profit if 20% is possible for newbie.
50% per year is quite good and is achievable constantly in crypto and 20% in stocks.
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
1. Since you are starting, give a try first on day trading and use exchanges without leverage and friendly user exchange.2.Crypto to crypto or crypto to fiat trading?
2. Since you want monthly basis profits with 10-20%, you can use fiat trading. So, even the price of BTC dumps, you don't mind, you are in fiat pairs.
Advise for trading, please use risk management, always put your stop loss and control your emotion. Trading is very risky, but you can minimize your risk thru your emotion and with the help of risk management.
Trading is unpredictable, you cant make profit regularly every week or month as there is a risk of losing money during trading. Sometime you may even get hundreds percent profit but sometime you may earn nothing.
Regarding day trading or short term trading, it is your own choice which one do you prefer and about crypto-crypto or crypto-fiat I think combination of both types are better. You need to see which one that has a better possible profit. No need to stick on one type if you can do both.
Regarding day trading or short term trading, it is your own choice which one do you prefer and about crypto-crypto or crypto-fiat I think combination of both types are better. You need to see which one that has a better possible profit. No need to stick on one type if you can do both.
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.
I always see numbers like these and it makes me wonder:Did anyone really manage to have a consistent 10-20% monthly profit (month after month)?
And I have serious doubts it is possible. To quickly elaborate:
10% monthly profit cumulatively means about 200% profit a year. You start with 1 BTC and at the end of the year you have 2 BTC
20% monthly profit cumulatively means about 800% profit a year. You start with 1 BTC and at the end of the year you have 8 BTC
These are huge returns that I think even the best traders in the world couldn't make.
Sure people claim they can do it, but somehow I doubt. I think you can make it once, two times, you can even be lucky to make it five or six times, but to have such huge returns on a consistent basis is impossible.
More realistically, you can have a consistent profit of 10-30% a year, but not that amount month after month long term.
Having a capital like this ($1k-$2k) is good to start in trading, well, it depends on you mate. If you are a full-time trader and the majority of you have a vacant time more than 20 hours per day then I must say go in day trading. This kind of trading is more profitable if you know how to play the market.
I know people are afraid to use trading tools(bot) but this strategy will sure make more profit. The decision is yours but I highly recommend you to use bot just like Gunbot. Contact this trusted user crwth he/she also guides you on how to use or visit https://gunbot.ph.
I am not familiar with trading bots,so I don't want to try it for now.I know people are afraid to use trading tools(bot) but this strategy will sure make more profit. The decision is yours but I highly recommend you to use bot just like Gunbot. Contact this trusted user crwth he/she also guides you on how to use or visit https://gunbot.ph.
I have lot of free time and almost I will be online for 16 hours via mobile and if needed my laptop I will use it as well.
1.Day trading or short term trading?
If you are looking for profits of 10-20% monthly then I guess short term trading suits you best. You can get that margin of profit monthly by short term trading.
2.Crypto to crypto or crypto to fiat trading?
Crypto to fiat is more suited for short term trading with the result of a 10-20% margin of income for you.
Having a capital like this ($1k-$2k) is good to start in trading, well, it depends on you mate. If you are a full-time trader and the majority of you have a vacant time more than 20 hours per day then I must say go in day trading. This kind of trading is more profitable if you know how to play the market.
I know people are afraid to use trading tools(bot) but this strategy will sure make more profit. The decision is yours but I highly recommend you to use bot just like Gunbot. Contact this trusted user crwth he/she also guides you on how to use or visit https://gunbot.ph.
I know people are afraid to use trading tools(bot) but this strategy will sure make more profit. The decision is yours but I highly recommend you to use bot just like Gunbot. Contact this trusted user crwth he/she also guides you on how to use or visit https://gunbot.ph.
I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
edit:
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
edit:
Update:
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
I made my decision into start crypto to fiat trading and vice versa on localbitcoin after seeing that my country don't have much traders but there are many people want to buy and sell bitcoin,so I will try for a month now since I need to built reputation on LBC to get more trades.
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